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, there is nothing positive, the environment, like the stock market, you have an environment that is positive. it goes up. so much is based on psychology. the environment in the business world is not positive. the environment that comes out of washington is all negative. and, i can't say we make decisions based upon tax codes. in our business, we're in a business of opportunity. i say we have three under construction because this environment creates opportunities. if you have some cash. landlords are willing to take a lesser rent if you will. employment is available because people aren't working. there are, out of the nonworking a bunch of that really do want to work and kacht find jobs. i can't say everybody that doesn't work wants to work. those opportunities present themselves we move forward. >> president will say he has cut taxes for small businesses. i what do you say to that? >> absolutely not. he can say whatever he wants to say. it is all very, patronizing the electorate. lauren: yeah. >> unfortunately this election on both sides very honestly there is a lot of credibility gaps. i wo
compromise with the enemy. it is not going to happen. it is a terrible environment for the big deal that needs to get done. so acknowledge the reality. let's do the deal in 2013 but let's not cause a recession. basically just extend current policy to the extent policy and hope we get 2013 intact. that is my goal. >> doug, let me throw out a theory to get your reaction. the theory is this. that as long as the discussion about tax reform is an ongoing argument about the bush tax cuts -- >> i'm so tired of the bush tax cuts i can barely stand it. >> i think most people would agree. >> they have been talked about for 10 years? can we talk about something else? >> that is exactly the point. as long as you have extended the bush tax cuts, as donald said, only half of this is about the bush tax cuts. >> right. >> but in the public discussion it is the bush tax cuts. so as long as you extend them, can you get out of that debate? conversely if you let them all go. >>, does that change the framing of this we're no longer talking about the bush tax cuts, we're just talking about the tax code a
and my environment and to me the value of the local and about the city and i am partial to the urban environment. i love it and that is why a study of. i went to public schools my whole life and it was from the teacher who said hey you might like doing this and spent time after school and they introduce me to an excellent opportunity or someone who sat after school with me and went through different topic source said i didn't understand it might debate coach in high school not being paid to spend but spent an extra six hours per week coaching. these are all things that i found made the character of my life and they all happened not by way of some sort of large institutions not by way of -- that was my local experience and what i found in a very homely city and you hear the characterization of cities or urban environments as you get lost and this has not been my experience and this is not what the local represents of returning to what i find to be the salient theme is that cities and local politics and local institutions are really fit on the greatest opportunity. you can truly access
of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can actually be more personalized for the user, but easy to say, a lot to do. >> and really quick, on what you're seeing out there, how tough is europe right now for technology? what are you seeing in terms of the global slow down? >> well, europe continues to baffle us in general in technology. it looks like it's getting softer, not stronger. you know, companies that diversified over the past 20 years do make sure they had good portfolios in all the regions, you know, are taking a hit now with europe. i think it's broad based, so it shouldn't be a kno
with the fact that we're in, to put it lightly, a highly unusual climate and environment right now with long-term interest rates being held at 0% for quite some time. >> well, one of the ironies and one of the sad elements of glad path and target date strategies today is they are pushing people more and more heavily into bond at a time when bond yields with more negative. you're not making money, you're losing money by investing more and more in bonds. so we wind up becoming enablers of bad behavior in washington and supporters of that bad behavior by buying more and more of the bond when yields are negative. >> bob, have you a wonderful reputation and a great record built around the idea that you turn conventional wisdom inside out, whether it's fundamental indexing or this assault on the conventional thinking in target date funds. but i wonder what the real risk to the fund business is if these target date funds -- which certainly imply that you're going to have a set amount of money on a certain date. what if they don't work out and what should the assumptions be if i'm an investor on wha
for me, but to have a big compromise. it is a terrible environment for the deal that needs to get done. acknowledge the reality, but let's not cause a reception country in recession. they'll get the 2013 intact. >> or may get your reaction. as long as the discussion about tax reform is an ongoing argument about the bush tax cut -- >> i'm so sick of bush tax cuts i can hardly stand it. >> that's exactly the point. the point is his honesty of extended, and as arnold said in the public discussion is the bush tax cut. so as long as you extend them, can you get out of that conversely, does that change the framing of this there were no longer talking about bush tax cuts come or second that the tax code? at the tax code is a working melissa joan c., rather than forget the tax code. >> at 100% agree we should talk about the tax code. we should lower the tax code is no should be something we actually believe in. that's long overdue. it's just dangerous to let it all go at the end of the year. let's face it, if we have a recession, we are so irresponsible, we're not going to do any deficit reduc
. there's a lot of target-rich environment for president obama. what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country strong now. >> will president obama confront romney on these issues or rely on the debate moderator to do it? how aggressive will the president be? >>
environment. you can spread by around but let's face it, in the negotiations over the past year or so, the single biggest obstacle -- optical has been republican on willingness to move significantly on taxes. if they moved on taxes, i think democrats, a number of them including the president, will move on spending and we can have a primary agreement and the lame duck session. if not, i think we go into january. what happens if we do? think of 1995. we have a government shut down. newt gingrich/bill clinton -- once the government shut down, the pressure on both sides was so intense. the pressure if we go into january will be far greater because the economic consequences and the market consequences are more significant. i think it is inconceivable that if we go into january, there won't be a solution in january or early february at the latest. there has to be a settlement, somebody will have to blink, probably both sides. i talk a little bit to people in financial markets in the york. i would think the market would react to all of this. if there is a deal in a few weeks and any deal cle
: it will be a town hall setting and that is a different environment and questioning coming from the audience. brian excellent point to bring up. i was thinking that this morning and how many people watch the debate. that was a concern that i had . had people been energized to care and listen to the differences between the two cand des. two find out more people watched the debate since 1992 was heartening. the idea that that many people wanted to come to the tv and see what was going on in the nation was heartening. >> steve: pat buchan an said it was the best one in 52 years. but pat going back to the kennedy/nixon debate. >> gretchen: people on the democratic side tried to come up with excuses. this may be the best one. former vice-president al gore said it had to do with something that goes on in the state of colorado when you get high up in the rocky mountains, could it be the altitude. >> obama areiched in denver at 2:00 p.m. today. just a few hours before the debate started. romney did his debate prep in denver. when you go to 5,000 feet. >> exactly. >> and you only have a few hours to adjust.
environment, some big market changes, but you have a management team now who has a handle on the problems, who knows what to do. we've got a plan to fix this company. and i think investors have to decide, gee, do they think that hp can turn this ship around? do they believe in the management team? do they believe in our employees? do they believe that customers want hp to win, which i can tell you they do. and do they believe in the product lineup? we spent quite a bit of time yesterday at our analysts day talking about the coming products in each of our divisions. we showed our new pc lineup. we showed -- talked about our multifunction printers. we talked about ink in the office, ink advantage. we talked about our new, very energy efficient arm-based servers that i think could revolutionize the server market. we talked about three par and storage as well as we're the leader, really, now in the development of sdm, software-defined networking. so products are going to be a really important part of how we bring hp back. and investors got to look at that whole story and say, gee, do i think this
's get straight to the markets and talk about investing in this environment. gentlemen, good see you. thank you so much for joining us. dan, let me kick this off with you. what do you think happened at end of the day today? seems this market has been trading on some worries last several sessions. yet, we did see some optimism at end of the day. >> absolutely. it's a case of perhaps, you know, still do not fight the fed. what we were watching specifically was apple. you mentioned it. we were looking for support on the stock at around 650. wouldn't you know it, it hit their intraday lows. they don't want to see that stock drop. the interesting thing with that is, you know, apple is a bell weather that's really driving the nasdaq 100, driving a lot of these larger cap benchmarks we follow. if you keep that buoyed, you're going to keep the markets buoyed going forward. >> that's a really good point. i guess, david, for those fund managers who have not owned apple, they're going to be playing catch up fourth quarter so their fund looks better by year end, right? >> it's possible. you have
that the threats against ambassador stevens took place in tripoli, which is a different security environment than ben ghazi. so you have to evaluate where you are, where the threats are coming from, and you have to distinguish between them. and this is something that the intelligence community has been trying to grapple with. >> thank you very much, jeff porter, we appreciate it. and eli lake, as well. and still "outfront," countdown to the first debate. members of both campaigns join us to tell us what the candidates will focus on tomorrow night. plus, you want to know who will win in november? there is a place that can deliver an answer. a colorado neighborhood with a near-perfect record of picking winners. so we're going dog there outfront. >>> and a seat coming loose on american airlines planes. more reports. why is this happening? well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packe
to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this market and the fundamentals around it. we look now where the big money is eyeing and whether or not foreign money is coming into the u.s. we have henry m henry mcveigh w. tell me what you're hearing. >> the clients with the long-term focus are the ones we traditionally work with. we see opportunities. we have a very big presence in asia. i was just over in hong kong and india. we're finding things to do on the consumer side. i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some p
compromise with the enemy. it is a terrible environment for the deal but needs to be done. it acknowledged the reality. let's do the deal in 2013, but not cause a recession. intact.pe we get 2013 that is our role. >> as long as the discussion about tax reform is an ongoing argument about the bush tax cut common i am so tired -- the bush tax cuts, i am so tired of the bush tax cuts. i think most people would agree. >> that is exactly the point. as long as you have extended the bush tax cuts -- and as donald said, only half of this is about the bush tax cuts, but in the public discussion, it is the bush tax cuts. as long as you extend them, can you get out of that debate? conversely, if you let them all go, does the change the framing of this so that we are not talking about the bush tax cuts, but just the tax code. >> i 100% agree that we should talk about the tax code. and as donald pointed out, we should know what the tax code is and is something that we should believe in. it is long overdue. it is dangerous economically to let it go at the end of the year. if we are so irresponsible tues
their heart condition and cholesterol is like? >> well, it has been a tough economic environment for all of us. so, we have been doing pretty well from a market share standpoint and it is really based on the innovations that we have delivered. we have brought some things to the marketplace. i mentioned packaging technology. first was our steaming technology. the cafe steamers in 2008 and healthy choice cafe steamers was the biggest new strproduct of t industry of that calendar year. since then the steaming platform has been well. we have introduced the bakeden tr trays. that uses smart trays which allows you to bake a product in the microwave than you would in an oven in equal qual taity. >> first, you tried to make a giant acquisition and private label. you have keyed on making the small but valuable acquisitions that are bringing things to the bottom line. you still have a great balance sheet even after the acquisitions that you have done. >> jim, we stepped back a couple of years ago and said let's have a clear roadmap. we looked in the mirror and said we need to transform this portfolio to
. >> for the environment, we felt we needed more not less. >> kimberly: more on the ground for those meeting with ambassadorsteins months before the assaults. that's next on "the five." humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else mes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? [ male announcer ] start with nothing, build a ground-breaking car. good. now build a time machine. go here, find someone who can build a futuristic dash board display. bring future guy back. watch him build a tft display like nothing you've ever seen. get him to explain exactly what that is. the thin film transistor display... [ male announcer ] mmm, maybe not. just show it. customize the dash, give it park assist. the fuel efficiency flower thing. send future guy home, his work here is done. destroy time machine. win some awards, send in brady. that's how you do it. easy
in benghazi. before the attacked that killed four americans. >> for the environment, we felt we needed more not less. >> kimberly: more on the ground for those meeting with ambassadorsteins months before the assaults. that's next on "the five." ♪ ♪ >> greg: i love the everly brothers. the libyan mess should be a major motion picture starring george george clooney. funny those who normally care are quiet. the "washington post" ombudsman say the paper screwed up chasing the anti-muhammad video tail. why did the media blame the video instead of terror? the daily beast explains that the administration cherry picked that despite evidence to the contrary. one day after the attack aide to hillary said it was terrorism. ambassador susan rice still blamed the mob. cnn and the rest concurred. why did they buy the lie? downplay al-qaeda and strategy for the election before protection. that may be why bob's suspenders are more secure than the consulate. maybe they want to believe the lie. it's the west that is the root of all evil, not actual evil. america is a bad guy even if the other guy threw t
. so i'm not going to revise history to pretend that. i grew up in a religious environment and i am proud of it. i was into the priest. i'm proud of that. i would probably enormously angry right now. so i am grateful for my faith and on and on apologetic about it. >> this is pretty remarkable we started talking a little bit about how it has changed over time. we could have also added to the 19th amendment and women becoming a part of this part of the democratic inclusion. [laughter] but most of the amendments have made it more perfect. they got rid of it. >> ausley understand. >> it is pretty extraordinary. the constitution frees up every american to be eligible for public office, and there is no religious test and that wasn't the prominent feature of the state constitutions. a lot of them actually had religious tests. >> you have the establishment in religion. so, on a understand that but i simply say that the country moved on. i grew up at a time people were respectful of religion and religious people. on grew up when the church was open all the time and nobody broke and and nobod
that men can understand and that they are comfortable in an environment a trust. -- they trust. i was hoping you guys might oblige me by raising your hands with a response to the first question. my first question is how many of you received daily e-mails encouraging you to go online to buy by agra, silas, and the judge? -- levitra. so virtually everyone. when you think about it, how many of these kinds of e-mails and solicitations encourage you to go find some online solution? i did a quick search for my e- mail. i had 66 e-mails over a monthly span encouraging me, as a man, to go on-line and purchase some sort of solution prescription or therapy that would help to perform better or compete better or live a healthier lifestyle. the message is getting out there. what is the message and where is it leading men, all women, and families? is it a credible sites? is it a credible resource? my question is how many of them are authentic and safe medications for men and women and their families. what we have seen its 40,000 websites are peddling a legend prescription drugs. studies show 95
a faster and may be reinvent the rules and that is because we are in a very different work environment where technology is making jobs out a bit faster and spinning off new jobs each of the jobs require education. so i think that if we are going to -- america is a huge advantage in this world because it's -- i think the world is going to be divided going forward between the high imagination and the countries and low imagination and the countries and we have the highest imagination enabling country in the world. if you have the spark of an idea you have a delta to design this for you you skip over to the manufacturer for this and amazon will to the fulfillment and delivery and gift wrap for christmas. craigslist will get you an accountant and your logo. they are all commodities except this and there is no country that does this better. the problem with this though is the days where ford will move to the town's 25,000 person factory are over. the factory is now 2500 people may be a lot of robots. you know the old joke it will be to employees, a man and a dog the man is there to feed the
energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. . . >> clayton: all right. 50 years ago this week, the world's most famous spy hit the big screen. >> i admire your luck, mr. -- >> bond, james bond. >> my name is bond, james bond. >> when was the last shipment? >> oh, lazzenby, i'm sorry. >> alisyn: and a half century later the most celebrated spy, in the movies he has it better than spies in real life. he was an of james bond, an mi-6, and spy catcher novel, dunn, matthew dunn. >> clayton: matthew, welcome to the show. >> good morning. >> clayton: it looks glamorous, bond over the years. help us separate fact from fiction here, although i think we might prefer the fiction side of it, but you guys are in the trenches doing the real deal.
-rich environment, that obama record. >> it has to be romney, because the moderators won't be doing it. >> sean: it has to be romney. romney needs to know that going in. >> one thing i noticed during the primaries is that some people who were not romney supporters, david, would finally see him give a speech, and would email or say to me, well, you know, if he had been giving speeches like that all along. he was giving speeches like that all along. he is good. >> by the way, ask newt if he's a good debater. he's brilliant. >> sean: i'll be honest, if he doesn't hit newt as hard as he did in flat debates, i'll be debris. >> he has to refute obama's attacks. such as obama's comment, i didn't realize this economy was bad as it was. go back to 2009, he said it was the worst since 2007. every single thing obama says is refutable. >> sean: how many times has obama said we're in a recovery? getting better, better, better. >> you should be emailing this. >> you and i talk about this. in every recession before, recoveries are inversely proportional. the worst the recession, the greater recovery. here we
environment than ben ghazi. so you have to evaluate where you are, where the threats are coming from, and you have to distinguish between them. and this is something that the intelligence community has been trying to grapple with. >> thank you very much, jeff porter, we appreciate it. and eli lake, as well. and still "outfront," countdown to the first debate. members of both campaigns join us to tell us what the candidates will focus on tomorrow night. plus, you want to know who will win in november? there is a place that can deliver an answer. a colorado neighborhood with a near-perfect record of picking winners. so we're going to there "outfront." >>> and a seat coming loose on american airlines planes. more reports. why is this happening? bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. ♪ (train horn) vo: where
equity firms, so where is it seeing investment opportunities in this uncertain environment right now? kkr's head of global mac roand asset. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. just keeps getting worse for hewlett packard. seema mody, how bad now? >> we're continuing to watch the big moves in hewlett packard. that's the big tech lagger today. just looking at chart, bill, the stock just broke $15 a share. it's down now 50% from its 2012 intraday high it hit back in february. the stock down about 13% in today's trade. back to you. >> al
's a big, big question. >> for both candidates, i want to know what to do to protect the environment from big corporates? green party. >> i have a question for romney, why not pro-life? >> he is pro-life. >> no, that women's abortions, taking away birth control -- >> oh, okay. pro-choice. >> sorry. >> those terms are shorthand anyway. >> i have a question for both candidates and i want to know what you're going to do for prisons, how to clear them out, how to lower costs that effect t affect the voters. >> do you have a question? >> i have a question for romney, gop platform states they have a moral obligation to uphold to support women who are faced with unwanted pregnancies, so since he's going to be cutting programs and sending everything back to the states, and taniff is going to be hurting and we have a lot of women who look to that when they have unwanted pregnancies. who's going to do it? is he going to step up and pay the bill? >> a lot about women's health care and a lot about student loan. everybody going to vote here? that's great. we'll be back with more "hardball." well, if i
to adjust to a slower growth environment. we've seen much lower inventory levels. we've seen underinvest inspemen capital, which is creating a bit of tail wind going into next year. interestingly enough, asia is in the same state. what is worrisome is companies haven't adjusted to the possibility of slower growth next year. >> peter, what are you looking for next week? what should we be watching for? >> i think the next three weeks is solely earnings. for two months we've had central banks putting goggles on our eyes. now the fundamentals can't be ignored anymore. they're out from under the rug. we get to hear what the guidance is going forward. >> so peter, on tuesday we're going to see angela merkel in greece. there's going to be horrendous protests, tear gas. we can just imagine. yet, we're going to be able to look through that and focus on the domestic earnings front here? >> the greek stock market was up 12% this week. the bond that's maturing at 11 years is at a high. i think everyone's beginning to it realize that greece is going to be given some slack because there's no other cho
at at an environment with a total void of leader help in washington. we are still in rough waters right now. >> greta: you know, i suspect as much as we wait around for the numbers every month and pay attention to them. i have a track here, which -- who did well? no change for teens, blacks and hispanics, but adult women special white did better. i pay attention to that. but as much as i micro-examine this, the question is, as the voter looksarn, do i have a job do my friends have a job? does my family have a job? am i about to lose my house? what's the future? there is a difference between the number crunchers and the people. >> if the neighbor has lost his job, you are in a recession when you lose your job, you're in a depression. the reality is that people talk to their neighbors and friends and see what is going on in the real world. >> greta: health care. you have 100 employees and you have noticed about your health care. >> we are headquartered in new york with 100 employees and our health care rates are going up 19% next year. so the other shoe has dropped. historically, they have gone up 5 or
environment for high-threat posting. the manage they're signed off on the waiver is scheduled to testify tomorrow. >> that will be a hearing. >> it will be. >> bret: thank you. >> you're welcome. >> bret: radical egyptian cleric extradited from britain has pleaded not guilty to terrorism charges in new york. abu hamsal al masri accused to conspire with men in seattle to set up training camp for al-qaeda in oregon. they are charged with blotting to blow up embassies in africa. former penn state university assistant football coach convicted of child abuse sentenced to at least 30 years in prison. 68-year-old jerry sandusky would be nearly 100 when released. sandusky was found guilty on 45 counts. greece gives a not so warm welcome for the chancellor of germany. next. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you fod a better way. that's
, and fix that toxic political environment. but at the same time, you spent years as democratic party chair being in some ways the partisan-in-chief for the party. what do you say to virginians to convince them when you go to washington, you will be the problem solver who's nonpartisan? >> when i was governor, i served with two presidents. i served with president bush for lee years and president obama for a years i was a different party than president bush and we dinet agree on everything, but i worked very closely with the bush administration on a number of key initiatives, always looking to partners to put virginia first. rail to dulles is being built right now largely because of president bush and his secretary of transportation and our ability to work togethers about we worked together with the bush administration in the aftermath of the shootings at virginia tech. i will always be a partner of the president of the united states, whoever that president is. i also have a great track record of working across lines, first as a nonpartisan mayor here in richmond and second as a governor in
but just the significance of it, the regulatory environment, all of those things came together in a way that maybe she just couldn't foresee. >> susan, thanks for joining us. it is a good read. enjoyed it very much. >> appreciate you having me here. >> great interview there, sue. >>> sprint customers can now pick their own vanity phone number. i'm not kidding. the idea is simple. instead of a ten-digit number you just dial "power lunch" instead. call me. don't go away. ♪ [ piano ] you. we know you. we know you're not always on top of it. and how could you be? that often you just want... quiet. we know all that life demands from you. and how it's almost impossible for you to escape. almost. introducing a car made better for you in every way. the luxurious, all-new honda accord. it starts with you. >>> time for the power rundown. kayla tausche and bob pisani is with me as well. china, those tensions we mention seem to be deepening. nation, now friend or foe to the u.s. and its investors? what do you think, kayla? >> i learned last week that china apparently funds pbs so i'm inclined to
700,000 jobs. i don't want to kill jobs in this environment. i want to make one more point. >> let him answer the tax thing for a moment. >> okay. >> mr. president. >> well, we've had this discussion before. >> well, in order -- about the idea to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. >> mr. romney has rule out revenue. >> look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and balance the budget. the idea of taxing people more, putting more people out of work, you will never get there, you never balance the budget by raising taxes. spain spends 42% of their total economy on government. we're now spending 42% of our economy on government. i don't want to go down the path of spain. i want to put more americans to work. >> mr. president, in order to get the job done, it is going to be balanced? >> if we're serious, we have to take a balanced, responsible approach. by the way, this is not just when it comes to individual taxes, let's talk about corporate
the procedures. joe down in mission control is talking to you. you know you're in a hostile environment. and you cannot think about anything else. you have to be focused, otherwise you're going to die. >> reporter: i asked kitinger whose record from jumping from 102,000 feet has stood for 52 years, if he has a tinge of jealousy. >> he's advancing science and he'll do a great job. >> reporter: and that's key here. the records mean a lot. but what this team wants to get out of this is the scientific and aerospace advancements. they want to see if that suit that felix is going to wear is going to be the next generation spacesuit, to see if people can survive outside a space vehicle inside event of a malfunction. >> what a soir, brian, thank you. >>> you're in "the situation room." happening now, mitt romney says president obama is leading from behind. but he isn't the first to use that description. we have the reporter who heard it first from a member of the obama administration. >>> we also have inside information about vice president joe biden's preparations for his crucial debate with paul ryan.
defense and build highways and education. and building an environment where it is easy for business to employ people and kind of stay out of everybody's way. host: how is it doing? caller: i do not think it is doing very well when minimum wage is hitting $10 an hour in some states. that is an awful lot to employ people. some people like myself, a small businessman, it is hard for me to employ more people when i am having to pay so much for everything in the price of everything is going up. the price of fuel, electricity, food -- the price of everything is going up right now. so i do not think the government is really doing a good job. host: it in the "wall street journal" this morning, another comparison of the two candidates on the definition of patriotism. president barack obama says he wants a new economic patriotism. mitt romney caused the campaign a battle for the soul of america. host: next, louisiana, a democrat. good morning. caller: yes, i would like the government -- [no audio] host: we lost her. with apologies, let's move on to an independent in ohio. caller: good morning
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